Question: can you help me with this question . Use the following selected data from Business Solutions's income statement for the three months ended March 31.



can you help me with this question .




Use the following selected data from Business Solutions's income statement for the three months ended March 31. 20:20, and from its March 31. 2020, balance sheet to complete the requirements. Computer services revenue 3 25 . 30? Net sales {of goods) 18,693 Total sales and revenue 411 , 000 Cost of goods sold 111, 052 list i [Leone is . 333 Quick assets 90, 924 Curze nt'. assets 95 , 563 Total assets 120,263 Current liabilities B?5 Total liabilities 575 Total equity 119, 393 Required: 1. Compute the gross margin ratio [both with and without services revenue] and net prot margin ratio. 2. Compute the current ratio and acid-test ratio. 3. Compute the debt ratio and equity ratio. 4. What percent ofits assets are current? What percent are long term? Complete this question by enterlng your answers In the tall! below. Compute the gross margin ratio (both with and without services revenue} and net prol: margin ratio. {Round your percentage answers to 1 decimal place.) a m .1. a Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3 Reg 4 Compute the current ratio and acid-test ratio. (Round your answers to 1 decimal place.) Current ratio Acid-test ratioComplete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3 Reg 4 Compute the debt ratio and equity ratio. (Round your percentage answers to 1 decimal place.) Debt ratio % Equity ratio %Complete this question by entering your answers in the tabs below. Req 1 Req 2 Req 3 Req 4 What percent of its assets are current? What percent are long term? (Round your answers to the nearest whole percentage.) Current assets %% Long-term assets %
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